ABLE United ABLE Overview Jenn Sikora ABLE United

ABLE United ABLE Overview Jenn Sikora ABLE United Brand Ambassador

ABLE Accounts

What is ABLE? Achieving a Better Life Experience. o The Stephen Beck, Jr. Achieving a Better Life Experience Act encourages individuals with disabilities to save after tax dollars to support health, independence, and quality of life. o Added a new section to the Internal Revenue Code, Section 529 A. o In July 2015, Florida created a not-for-profit and direct support organization of the Florida Prepaid College Board to administer Florida's ABLE Program. o ABLE United launched July 1, 2016.

ABLE Accounts Save Like Never Before A tax-free savings and investment account established to support disability expenses while maintaining government benefits. • Save while maintaining benefits • Save with the help from family & friends • Save tax-free for future expenses • Save on time – open in 15 minutes ableunited. com

Why an ABLE account? Save for future qualified disability expenses. Qualified disability expenses, which include “living expenses, ” are not required to be medically necessary or to be limited for the sole benefit of the individual with a disability. ableunited. com

Eligibility for Florida’s ABLE Program A Florida resident who is blind or has a disability with onset prior to age 26 and meets the severity requirements for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI). Current age, income, assets or receipt of government benefits are not considered. Requirements: • Florida resident • Onset of the disability prior to age 26 • The disability is “severe” ableunited. com

Disability No approval process or document submission. If an individual is not receiving SSDI or SSI, then self-certify that you have a: • Diagnosis of a physical or mental impairment before age 26 • “Marked and severe functional limitations” • Expected to last for at least 12 months ableunited. com

Ownership The individual with a disability (Beneficiary) is the owner of the ABLE account Another person may assist in opening or maintaining the ABLE account. • One ABLE account nationwide • Accessed through secure website • For the benefit of the individual with a disability ableunited. com

What if the Beneficiary passes away? The individual with a disability is the owner of the ABLE account All amounts remaining in the ABLE account are includible in their gross estate If Beneficiary received Medicaid, Medicaid may make a claim on the account • Only for services rendered after account opened • Outstanding qualified disability expenses paid first • Funeral and Burial Save without losing Medicaid ableunited. com

How it Works

Enroll Open an ABLE account online at ableunited. com in approximately 15 minutes No documents to upload. Enter identifying information, select disability category and basis of eligibility, and select investment options. Additional information required: • Another person is authorized to open the account (parent, guardian, power of attorney) • Provide date of diagnosis with name and address of physician ableunited. com

Contribute Anyone can contribute to the account Contributions are considered gifts (not income) to the individual with a disability. • Total of $15, 000 per year • More if Beneficiary is working (work in progress) • No federal income tax-deduction • Family, friends, organizations such as non-profits and churches • Rollover funds from 529 college savings plan (work in progress) ableunited. com

Grow Funds Portfolio Options Choose from three predesigned portfolios to meet the needs of most investors or four individual funds to build a custom portfolio for those with more investment experience Conservative Moderate Growth Money Market Fund Florida Prime U. S. Stock Fund Vanguard U. S. Bond Fund Vanguard International Stock Fund Black Rock Determine your financial goals – Short term or Long term ableunited. com

Withdraw Money may be withdrawn at any time and for any reason – you are in control! Withdrawals may be made by electronic transfer or by check. Earnings are tax-free if withdrawals are used for qualified disability expenses. Consideration: • Keep documentation for the IRS • Earnings may be subject to tax plus 10% if withdrawals used for non-qualified disability expenses ableunited. com

How much does it cost? No cost to open and maintain an account Save on fees – ABLE United offers the best value for Florida residents. • No application fee • No minimum contribution • Monthly account maintenance fee: $0. 00 • Annual fee of $10 for paper (OPTIONAL) • Investment administration fee ranges from 0. 035% to 0. 290% (annualized) of the account balance ableunited. com

Resources

Additional Resources Information about ABLE United and finances for individuals with I/DD • Florida’s Chief Financial Officer My. Money - https: //myfloridacfo. com/mymoney/ Financial literacy lessons for individuals and families • ABLE United website – www. ableunited. com Testimonial videos and blog posts, upcoming/previous webinars • ABLE United Facebook Page – www. facebook. com/ABLEUnited • ABLE National Resource Center – www. ablenrc. org Information on ABLE from a national perspective, including information about all other state’s ABLE programs • Local financial or legal expert that is familiar with ABLE accounts ableunited. com

New Accounts Can Receive A FREE GIFT Promo code: JENN 17 New accounts are entered into a quarterly drawing for an ABLE account contribution.

Questions

Questions Visit ableunited. com to open your ABLE United account today. Learn more about ABLE United accounts, listen to other account holders, and review our Program Description and Participation Agreement. Customer Service: Email customerservice@ableunited. com Toll Free 1 -888 -524 -ABLE (2253) ableunited. com